One of the biggest misconceptions about estate planning is that it is only a plan for what happens after your death. The truth is your estate plan can be much more than that. The Business Journal explains that if you utilize your estate plan correctly, it can be the...
How long can it take for beneficiaries to receive property?
The differences between a will and a trust can cause confusion regarding how quickly property transfers to beneficiaries. A will written in Indiana, for example, requires the executor to settle the estate through the probate court. This could take between six months...
Signing Estate Planning Documents By Remote During the COVID-19 Crisis
By Kevin G. Harvey The current COVID-19 crisis has caused a renewed focus on the need to implement an estate plan. However, Governor Holcomb’s stay at home order for Indiana, as well as federal social distancing guidelines, have presented challenges for people to...
How to pick an executor for your estate
Indiana residents like you put time, effort and care into creating your will or estate plan. After you die, you want your wishes carried out faithfully. For that to happen, you must pick an executor who can manage your estate well. Today we will discuss things to look...
3 less-common reasons to establish a special needs trust
If you are going through the estate-planning process, you know there are many issues to consider. Not only must you ensure that you plan for your future, but you likely want to protect those who mean the most to you. Creating a special needs trust may be an effective...
Estate planning: Basics of writing a will
A will ensures that your family and friends carry out your wishes for your estate. Creating this document may provide peace of mind, as you do not need to worry about anyone you care for not receiving what you left for him or her. Making a will is an essential step in...
Using the deceased’s estate to pay debts
Most people hope to leave something behind for their heirs – inheritance plays an important role in helping the next generation to advance, economically. So, what happens when the deceased leaves only bills and debts? Who is responsible for repaying these debts? Do...
What is a durable power of attorney?
A durable power of attorney is a legal document. Its purpose is to appoint a person or persons to manage your financial affairs in the event you become incapacitated or cannot complete the tasks yourself. The durable power of attorney sets forth the specific ways in...
Should you have an estate plan if you have no heirs?
Estate planning is critical for people who have family and who want to direct who inherits their assets and cherished possessions. However, what should you do if you have no heirs? Making end-of-life decisions without the support of family members can be noticeably...
What is the importance of beneficiaries?
As you plan your will, think about what you want to leave to people in your life. In fact, fully understanding the definition of a beneficiary is an important part of the legal process. Addressing their importance and making a plan for the future are some of the most...
